Stock exchange to take charge of stock exchange listings
Published: 27 Oct 2009 02:02:01 PSTThe China Securities Regulatory Commission (CSRC) published a protocol notice Oct.26 stipulating that it was giving the right to the stock exchange to approve and give administrative licenses to stock exchange listings.
The stock exchange can now decide which companies can be listed, suspended, terminated, and debentured directly without authorization from the CSRC as before.
The protocol also spelled out the process of examination and approval for the issuing and listing of securities, and simplified the working process of the CSRC.
The CSRC will revise its constitutional provisions to adapt to the new securities acts. And the CSRC is now presenting the protocol for public consultation.
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